As Canada approaches its federal election, its position in the global crypto industry faces uncertainty. Coinbase’s Canadian country director, Lucas Matheson, has warned that while Canada has historically been a leader in digital assets, it risks falling behind and becoming less integrated into the global digital economy without swift regulatory ...
North Carolina is exploring the inclusion of cryptocurrency in its state retirement system, with lawmakers introducing two related bills on March 24 and 25. House Bill 506, known as the Investment Modernization Act, was introduced by Representative Brenden Jones, while Senate Bill 709, titled the State Investment Modernization Act, was ...
Abracadabra Money recently faced a security incident involving its gmCauldrons, resulting in a loss of about 13 million MIM. The gmCauldrons, which allow users to leverage gmTokens for borrowing MIM or using yield-bearing LP tokens, are essential to the Abracadabra ecosystem. Despite several audits and ongoing monitoring, the exploit still ...
The UK's Financial Conduct Authority (FCA) has raised concerns over the growing number of young investors under 35 turning to cryptocurrencies as their first financial investment. FCA Chief Executive Nikhil Rathi warned that these assets are highly risky, with the potential for total financial loss. Speaking to MPs, Rathi noted ...
Arizona is moving closer to becoming the first state to establish a strategic digital asset reserve after both of its Bitcoin reserve bills cleared the House Rules Committee. The two proposals, SB 1373 and SB 1025, share the common goal of creating digital asset reserves but differ in their objectives ...
Australia is set to tighten regulations on crypto exchanges and stablecoin issuers as part of a proposed regulatory overhaul. The country’s Treasury Department has released a policy paper detailing plans to incorporate key elements of the digital asset sector into existing financial services laws. The paper explains that the new ...
Solaxy, a meme coin project offering Layer-2 scaling solutions for Ethereum and Solana, has raised over $26 million in its presale. This success indicates increasing interest in utility-driven meme coins and highlights the project's potential to tackle scalability challenges in the blockchain sector. Solaxy's SOLX token presale has gained interest ...
Santiment contributor Brian has analyzed the impact of US interest rate hikes on the cryptocurrency market, noting traders' sensitivity to Federal Open Market Committee (FOMC) meetings. He highlighted that the Federal Reserve's aggressive tightening cycle in 2022, raising rates from 0.25% in March to 4.50% by December in response to ...
Bybit CEO Ben Zhou has revealed that hackers responsible for stealing around 500,000 ETH, valued at approximately 1.4 billion, increasingly rely on crypto mixers to obscure their tracks. Despite these efforts, about 88.87% of the stolen funds remain traceable, 7.59% have gone entirely dark, and 3.54% have been frozen. According ...
The Australian Federal Police (AFP) has launched an investigation into a large-scale cryptocurrency scam in which fraudsters impersonated Binance representatives to defraud Australians. In a joint statement, the AFP, the National Anti-Scam Centre (NASC), and Binance Australia revealed that the scheme was uncovered as part of Operation Firestorm—a global initiative ...
